Euroseas (ESEA) Earning Somewhat Positive News Coverage, Study Finds
Media coverage about Euroseas (NASDAQ:ESEA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Euroseas earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 47.1142821564474 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
ESEA has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Euroseas from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. ValuEngine downgraded shares of Euroseas from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group initiated coverage on shares of Euroseas in a research report on Monday. They issued a “buy” rating and a $2.50 price objective for the company.
Shares of Euroseas (NASDAQ:ESEA) opened at 1.29 on Monday. Euroseas has a 52 week low of $1.04 and a 52 week high of $8.07. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.38. The firm’s market cap is $14.41 million.
Euroseas (NASDAQ:ESEA) last issued its earnings results on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. The business had revenue of $10.01 million for the quarter. Euroseas had a negative return on equity of 17.55% and a negative net margin of 77.39%. Equities research analysts predict that Euroseas will post ($0.48) EPS for the current fiscal year.
Euroseas Company Profile
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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